Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.
If World War III were to occur, the economy would not only face inflation but also the possibility of complete collapse, and will bitcoin become a safe haven or will it be dumped heavily? To be fair, it is still too early to say that bitcoin will become a safe haven as it has never experienced anything as bad as a world war or economic collapse. So don't rush to make claims without evidence.
I am sure now that people would be buying crypto in fear of the war happening.
If people buy cryptocurrencies and see them as a safe haven due to war fears, why does its price fall as conflicts escalate?